Many services are available to give Canadians free access to their credit scores, but the problem is they all provide different results. No industry standards exist to ensure credit score ... Read More
Everyone needs a home-buying support team that includes a real estate agent, mortgage specialist, and real estate lawyer. As you search for the right team members, it's helpful to know ... Read More
How to get your share of government financial incentives available Canadian first time homebuyers. There's lots available, but in most cases you need to ask for what you're entitled to ... Read More
When you are making plans to buy your first home, it's impossible to know what you don't know. This first time homebuyer mortgage checklist offers insights into the process and ... Read More
Is there such a thing as the 'best mortgage rate'? Not only are there a variety of different rates for different situations, but the 'best rate' rarely has the lowest ... Read More
Everyone needs a home-buying support team that includes a real estate agent, mortgage specialist, and real estate lawyer. As you search for the right team members, it's helpful to know ... Read More
Having the right down payment strategy can save you a lot of money in the long term, and pay back with more equity growth in your new home. Learn the ... Read More
Running commentary and news updates on COVID-19's impact on banking, real estate, mortgages, government relief programs, personal credit, and other ... Read More
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases ... Read More
When you are making plans to buy your first home, it's impossible to know what you don't know. This first time homebuyer mortgage checklist ... Read More
Everyone needs a home-buying support team that includes a real estate agent, mortgage specialist, and real estate lawyer. As you search for the right ... Read More
Glossary and explanation of important mortgage terms, with links to relevant articles that discuss the nitty gritty. Links to related concepts make this glossary ... Read More
Mortgage pre-approval is essential to knowing what your affordability range is before you make an offer to purchase a home. We explain how lenders ... Read More
Mortgage #FAILS. Learn the underwriting risk factors that lenders use when evaluating your mortgage application, and the top 10 reasons why you may not ... Read More
How to get your share of government financial incentives available Canadian first time homebuyers. There's lots available, but in most cases you need to ... Read More
'High ratio mortgage' is a term many first time homebuyers haven't heard before, and often they don't understand how much it impacts what they ... Read More
Adjusting to a post COVID-19 world, many things will be different, some permanently. We analyze how Canadian housing markets, including supply, demand and costs ... Read More
How Do You Ensure Your Homebuying Budget Covers Everything You'll Need For Closing Day? Buyers quickly learn it's much more than just coming with ... Read More
With a shell-shocked COVID-19 Canadian economy as backdrop, CMHC moved to tighten lending standards for insured mortgages. New rules for CMHC-insured mortgages are intended ... Read More
Most first-time buyers lack sufficient funds to purchase their home outright and require loan financing (a mortgage) to make it work. In this article, ... Read More
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases where it makes sense ... Read More
Mortgage pre-approval is used by lenders to “vet” borrowers and estimate spending ability for a home purchase. Seven factors determine the amount, both for ... Read More
Can You Guess The Biggest Mistake First Time Home Buyers Frequently Make? Hint: It’s NOT choosing the wrong paint colour! As a first time ... Read More
Thanks to tighter mortgage qualification rules and higher-priced real estate—particularly in the greater Vancouver and Toronto areas—it’s not always easy to qualify for a ... Read More
